Cogent Communications (CCOI), which is not to be confused with the defense stock Cogent, supplies bandwidth at 50% below the market price and provides its customers with a "one stop shop" high speed digital connection. Cogent Communications is able to provide this service because it has built up its own Internet Protocol data network through the purchase of small telco companies at an average of a 50% discount in the wake of the dot.com bust in 2000. Today, Cogent Communications is a Tier 1 Peering Partner, and is able to interconnect with other telco providers at no additional cost. The stock is at $11.49, just shy of its 52-week high, but management made bullish statements recently, and Bank of America upgraded Cogent Communications. Cramer isn't so concerned about the price, given the stock's upside potential, especially since it traded at $30 in 2007. However, he warned viewers that Cogent Communications is a speculative stock and to invest with care; “nobody ever lost money waiting for a pullback, especially in this tape. Don’t forget to use limit orders, and buy this one in small increments.”